Globalisation

9. Two countries keep imposing more tariffs on each other, harming both countries economies.
11. tax on imports that increases their price and allows home businesses an advantage
13. Pressure groups are groups of people who try to make businesses or the government change their actions or decisions. They often care about things like the environment or workers’ rights e.g. Just Stop Oil, Greenpeace
14. The increased integration of trade, finance and communications between countries
15. amount of foreign currency that can be purchased with another currency
16. Ethics are rules about what is right and wrong. They help people and businesses decide how to act in a fair and honest way.e.g. It is ethical to pay workers a fair wage.

1. Mass production leads to lower costs per unit
2. Where two businesses of equal size are joined together as equals. The names are often combined e.g. Dixons Carphone
3. Goods or services that are produced in this country and sold to other countries
4. Growth which occurs by a merging with or taking over another business
5. Goods or services that are produced in other countries and consumed in this country
6. A business that produces goods in more than one country
7. Where a business acquires another smaller business which is absorbed into the larger business e.g. Facebook taking over Instagram
8. Sustainability means using resources (like energy and materials) in a way that doesn’t harm the environment and makes sure there is enough for future generations.
10. A group of countries that have free trade within their group and that may restrict imports from countries outside the bloc
12. Growth which occurs by merging with or taking over another business